What is the purpose of protective covenants in a term loan agreement?

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Fundamentals Of Financial Management

ISBN: 9780273713630

13th Revised Edition

Authors: James Van Horne, John Wachowicz

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Question Posted: Dec 07, 2015 05:54 AM

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What is the purpose of protective covenants in a term loan agreement?

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Protective covenants are designed to safeguard the borrowers ability ...View the full answer

Fundamentals Of Financial Management

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